FOLAT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FOLAT
Largest movements
- Tangible fixed assets -€37,208
no longer reported in 2025 (was €37,208)
- Cash -€6,520
down €6,520 (-79.1%), from €8,245 to €1,726
mainly Trade debts (-€16,844) and Tax, wage and social debts (-€15,585)
- Receivables within one year +€4,346
up €4,346 (+4.3%), from €100,505 to €104,851
of which Trade receivables: +€15,763
- Deferred charges and accrued income -€2,092
down €2,092 (-53.2%), from €3,931 to €1,839
- Trade debts -€16,844
down €16,844 (-79.7%), from €21,142 to €4,298
- Tax, wage and social debts -€15,585
down €15,585 (-90.0%), from €17,325 to €1,740
of which Remuneration and social security: -€10,735
- Profit (loss) carried forward -€7,060
down €7,060 (-21.7%), from -€32,578 to -€39,638
- Other debts -€1,984
down €1,984 (-1.6%), from €124,665 to €122,681
- Gross operating margin -€138,241
down €138,241 (-71.1%), from €194,424 to €56,183
- Staff costs -€118,675
down €118,675 (-69.5%), from €170,863 to €52,188
- Depreciation -€15,276
no longer reported in 2025 (was €15,276)
- Other operating charges -€2,505
down €2,505 (-51.6%), from €4,851 to €2,346
- Financial charges -€1,954
down €1,954 (-18.6%), from €10,494 to €8,541
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,014 | €109,541 | -€41,473 | -27.5% |
| Fixed assets | 21/28 | €38,333 | €1,125 | -€37,208 | -97.1% |
| Tangible fixed assets | 22/27 | €37,208 | - | -€37,208 | |
| Furniture and vehicles | 24 | €37,208 | - | -€37,208 | |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €112,681 | €108,416 | -€4,265 | -3.8% |
| Amounts receivable within one year | 40/41 | €100,505 | €104,851 | +€4,346 | +4.3% |
| Trade receivables | 40 | €88,889 | €104,652 | +€15,763 | +17.7% |
| Other amounts receivable | 41 | €11,616 | €198 | -€11,417 | -98.3% |
| Cash at bank and in hand | 54/58 | €8,245 | €1,726 | -€6,520 | -79.1% |
| Deferred charges and accrued income | 490/1 | €3,931 | €1,839 | -€2,092 | -53.2% |
| Total equity and liabilities | 10/49 | €151,014 | €109,541 | -€41,473 | -27.5% |
| Equity | 10/15 | -€12,118 | -€19,178 | -€7,060 | -58.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,578 | -€39,638 | -€7,060 | -21.7% |
| Amounts payable | 17/49 | €163,132 | €128,719 | -€34,413 | -21.1% |
| Amounts payable within one year | 42/48 | €163,132 | €128,719 | -€34,413 | -21.1% |
| Trade debts | 44 | €21,142 | €4,298 | -€16,844 | -79.7% |
| Suppliers | 440/4 | €21,142 | €4,298 | -€16,844 | -79.7% |
| Taxes, remuneration and social security | 45 | €17,325 | €1,740 | -€15,585 | -90.0% |
| Taxes | 450/3 | €6,590 | €1,740 | -€4,850 | -73.6% |
| Remuneration and social security | 454/9 | €10,735 | - | -€10,735 | |
| Other amounts payable | 47/48 | €124,665 | €122,681 | -€1,984 | -1.6% |
| Remuneration, social security and pensions | 62 | €170,863 | €52,188 | -€118,675 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,276 | - | -€15,276 | |
| Other operating charges | 640/8 | €4,851 | €2,346 | -€2,505 | -51.6% |
| Gross operating margin | 9900 | €194,424 | €56,183 | -€138,241 | -71.1% |
| Operating profit (loss) | 9901 | €3,435 | €1,649 | -€1,785 | -52.0% |
| Financial charges | 65/66B | €10,494 | €8,541 | -€1,954 | -18.6% |
| Recurring financial charges | 65 | €10,494 | €8,541 | -€1,954 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,060 | -€6,891 | +€169 | +2.4% |
| Income taxes | 67/77 | €1,571 | €169 | -€1,402 | -89.2% |
| Profit (loss) for the period | 9904 | -€8,631 | -€7,060 | +€1,570 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,631 | -€7,060 | +€1,570 | +18.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.